"If the market shows a strong bear trend during a number of weeks on the daily chart when price rarely has touched the weekly pivot and then consolidates and forms a bullish reversal pattern (like a bullish englulfing) and closes above the weekly pivot, it could indicate a future strong upside move."
Closed above the daily pivot.
Closed above the daily pivot R1 level.
Closed above the weekly pivot.
Closed at the high of the day.
Closed with higher daily volume than last Wed, Thurs and Friday.
Closed with accelerating intraday volume.
Closed with a bullish engulfing candle.